Gurugram: 15 Arrested for Money Extortion Posing as Loan Recovery Agents
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Gurugram, Jan 10 (NationPress) The police in Gurugram have uncovered a fraudulent call centre that was initially based in China and Indonesia, leading to the arrest of 15 individuals accused of extorting money from loan borrowers by coercing them into paying inflated amounts, according to police officials.
The authorities seized five laptops, 15 mobile devices, and 223 SIM cards utilized in the execution of this fraud from the apprehended individuals.
With the aid of technical resources, the police successfully detained the 15 suspects from Sector-2, Noida (Uttar Pradesh) on Wednesday. These individuals deceived victims by using intimidation tactics to recover excessive sums for loans obtained via various Chinese applications.
The suspects have been identified as Harman, Anjaneya Chaudhary, Arun Kumar, Sachin, Bilal Khan, Asif, Ujjwal, Salman Abbas, Suresh, Himanshu, Sunny Srivastava, Manmohan, Ripunjay, Anil, and Mahender.
The police have filed charges against the suspects under applicable sections of the BNS, including the IT Act, at the Cybercrime (East) police station.
During the investigation, it was revealed that the suspects were employed by a company named Dialback Private Limited.
Dialback Private Limited offers instant loans and collaborates with an NBFC company, Vaishali Securities Company Private Limited, for loan recovery.
According to Priyanshu Diwan, ACP (Cyber Crime), "Vaishali Securities Company Private Limited provides instant loans ranging from Rs 5,000 to 60,000 for durations of seven, 15, and 21 days through various instant loan applications including Instanova, Credigen, Kredeaze, Finikash, Loanifi, Fastcash, hopefund, IMBfund, flying cash, Periloan, Try Cash, front loan, Inland Rupee, LoVe Finance, capitalrupee Amount Pro, Luckymoney, MedicreditScore, Stashfing Sarvatra-Kash and Dialback Private Limited."
Dialback Private Limited is registered in India but functions out of China and Indonesia.
Individuals operating from China and Indonesia provide directives on how to issue and recover loans.
“The data of all individuals who have taken loans from the aforementioned instant loan applications and those who have defaulted or delayed payments are shared with Vaishali Securities Company Private Limited for recovery purposes,” ACP Diwan added.
"Following this, as instructed by Vaishali Securities Company Private Limited, Dialback Private Limited employs call centre agents to recover these instant loans. Borrowers are threatened, and payments are forcibly collected. The license of the PSPR NBFC company, which collaborated with Dialback Private Limited for instant loans and recovery, has been revoked by the RBI," he stated.
